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U.S. markets news

Viacom Valuation Recovers as Redstone Reasserts Control: Chart
Viacom Inc.'s market value has recovered by more than 40 percent from early February lows as Sumner Redstone has tried to reassert control over the media company.
Viacom CEO Gets June Hearing in Lawsuit Over Redstone Trust  Wall Street Journal
Sumner Redstone suggests he could oust Viacom board, CEO  Reuters
Deadline  
Verizon, striking unions reach tentative agreement
Members of the Communications Workers of America picket in front of Verizon Communications Inc. corporate offices during a strike in New York City on April 13, 2016.
Verizon and unions reach tentative deal to end strike  Reuters
Verizon, unions reach tentative agreement; striking employees to return to work  NorthJersey.com
Yellen says Fed rate hike likely appropriate in coming months
CAMBRIDGE, Mass. The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S.
A Late Push for the Dollar from Yellen Puts Bulls on Notice  DailyFX
This week's data should tell whether Fed is ready to take the plunge  CNBC
Who were the Top 10 highest-paid CEOs for 2015?
(AP) Here are the 10 highest-paid CEOs for 2015, as calculated by The Associated Press and Equilar, an executive data firm. Dara Khosrowshahi, Expedia, $94.6 million, up 881 percent.
CEO pay climbs again, even as their stock prices don't  New Pittsburgh Courier
Female CEOs See Pay Rise, But Numbers Remain Small  NewsFactor Network
Stocks Warm to Economy as Fed Recedes in Best Week Since March
Here's a twist: U.S. stock investors aren't melting down at the thought of a Federal Reserve interest rate increase. The S&P 500 Index rose 2.3 percent for its best week since March 4 as economic data from housing to jobless claims eased concerns that ...
Week in Review: S&P 500 Closes Best Week Since March  TheStreet.com
The 4 Stocks That Bolstered the DJIA on Friday  24/7 Wall St.
Consumer Sentiment Rises in May
Americans are more confident than at any time in almost a year, as cheap gasoline, low interest rates and a rebound in stocks boost the economy's prospects.
US consumer sentiment jumps in May to highest in year  STLtoday.com
Michigan Consumer Sentiment Revised Lower in May  Barron's (blog)
Reports indicate Jawbone is selling speaker business, stopped fitness tracker ...
According to Tech Insider, the company has stopped making its Up fitness tracker. Additionally, the company has sold-off its remaining inventory at a discount to a reseller.
Jawbone said to end fitness tracker sales, may sell off speaker business [u]  AppleInsider (press release) (blog)
Jawbone's Hail Mary product is a clinical wearable it hasn't yet ...  The Verge
US economic growth revised higher in first quarter
WASHINGTON U.S. economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in home building and steady inventory accumulation partially offset the drag from a steep decline in business investment.
The Economy vs. Earnings: Companies Aren't Winning  Wall Street Journal
Data on US economic growth revised upward  Press Herald
Analysis: Healthcare for All: The Unfinished Business of a Nation
Amid all of the partisan debate around the Affordable Care Act (ACA), it's easy to lose sight of the facts: more than 20 million Americans have access to health care coverage because of the Affordable Care Act.
Forget Obamacare politics: Here's an inside look at Ohio co-op InHealth ...  Columbus Business First (blog)
Another Obamacare co-op bites the dust  American Thinker (blog)
IRS Warns Taxpayers About New Scam Involving Bogus 'Federal Student Tax'
Just days after the Treasury Inspector General for Tax Administration (TIGTA) announced the arrests of five individuals made in what has been characterized as an “ongoing investigation” into the scams, the Internal Revenue Service (IRS) issued a ...
New twist to IRS scam costing Ohioans thousands  Norwalk Reflector
Lumberton police, IRS warn of widespread tax scam  Winston-Salem Journal